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He said: “With the economy currently resilient, house prices may well rise modestly in the near term.

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The average house prices rose by £3,000 last month

“We believe housing market activity is likely to be increasingly pressurised in 2017 by heightened uncertainty constraining consumer confidence and willingness to engage in major transactions, as well as hampering economic activity.”

Martin Ellis, Halifax housing economist, also said the rise in house prices was heartening.

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Prices rose by 1.4 per cent in October

He said: "Activity levels, like house price growth, have softened compared with a year ago.

"Home sales, however, appear to have stabilised in recent months following the distortions earlier in the year due to the changes to stamp duty in April."

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Experts said the rise showed the UK economy was "resilient"

He did warn that, when looking at the long-term, house price growth was slowing.

He said: “Annual house price growth has nearly halved from a peak of 10 per cent in March this year, but remains robust at 5.2 per cent.